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Home My WebLink About1848 T6e Mortgagor hereby covenants with the Mort,gagee~ that he is indefea.~ibly seized oi'said laad in fee simple or euch o~her eatates ii any sa is stated herein; tLat he has tuU power and lawiul right to couvev tl~e sarue aa atareaaid; that the land ia iree ~mm all encumbr~?ncea excopt as 6erein oWierwisse recit~l; that saidZvlortgagor will make such furt,her aesurauces to provo the aforesaid title to said laad in aaid Mortgagee as may be reason- ablyreq ui~ed~ and that said Mortgagor does hereby fully warrsnt the title to said land, and every part tliereof. snd will defend the same against the lawiul claims of all peraona whomsoever. PRAVIDED AL~ilAYB tZlBt !I ttle ~10[1g8gOi Sb6U ~18~ UIItO ~le MOiL$A~'69 ~bti C6~~8L~ ~11'OIn1880i~? AO~~ oi ~vhich the following is e aubstantisl oopf~ to wit: ' = 37,500.00 Fort P~~erce' ~orida. April 17,' 75~ FOA VALUB RSCEIYED~ the undersigned promise(s) to pay to THE LOMAS S NETTLETON COPlPANY , s oorporation organised end e:isting under the iawe uf TFiE STATE OF CONNECTICUT, or order~ the principal sum of T}iI~TY SEVEi~ THOU~Ai~D FIVi HUNDRED AND NO/ 100----------------- ~ll~ 37 , 500 .00 with interest from dste at the rate ot EIGHT per centum ~Jo) per annum on t6e unpaid balance uatil paid. The said principal and interest shall be payable at the office of ~e Lomas ~ Nettleton Company ~ 175 Orange Street in New Haven, Connecticut 06510 , or at such other placE as the holder may deaignate in writing delivrred or mailed to the debtor, in monthly instailments of ~p HUNDRED SEVF.NITY FIVE and 25/1~~ (i 275.25 commencing on the first day of ,~g ~ 19 ~S , and oontinuing on the Sret day of each month thereafter until this nots is fully paid, eacept that~ if not sooner paid, the final payment of princapal and inter~t shall be due and payable on the first day oi t~py ~ 2005 ' Privilege ia reserved to prepay st any time~ without premium or fee, the entire indebtedneea or eny part t6ereot not. less than the unount of one installment, or one hundred dollus (=100.00)~ whic6ever is less. Prepayment in futl shall be credited on the date received. Putid prepayment, other theur oa an instaliment due date~ need not be credited until the nPact following installment due date or thirty days atter such prepayment, w6ichever is eulier. If any deficiency in the payment of any inatallment under thia note ia not made goad prior to the due date of the neat such installment, Lhe ontire principal sum and accrued intereat shall at once become due and Fay- sble without notice at the option of the holder oi this note. Failure to eaercise this option ahall not constatute s waiver of the right to eaercise the same in the eve~t of any subsequent default. In the event of default in the payment of this note, and if the same is collected by an attorney st law, the underaigned hereby sgree(s) to pay all costa of collection, including a reasonable attorney's fee. This note ia secured by mortgage oi even date executed by the undersigned on certain pmperty described therein and represents money actuelly used for the acquisition oi said prope~r6y or the improvemente thereon. Presentment, proteat, and noticP are 6ereby waived. - - [~?Ll CARLTON APPLEBEE, JR. [s~+L] LYNDA F. APPLEBEE ~SEAL] [SEAL] And shall duly, promptly, and fully perfomr, discharge, execute, effect, complete, and comply with and abide ' by each and every the stipulations, agreements, conditions, and covenants of said promissory note and of thia 'i mortgage, then this mortgage and the estate hereby created shall cease and be null and void. ; The Mortgagor further covenants as follows: ' 1. That he will pay t6e indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, ! without premium or fee, the entire indebtedness or any part thereof not less than the amount of one installment, or 4 one hundred dollars (i100.00), whichever is less. f 2. In order n~or~ full~- ta protec~t the sec:urit~- of this niort~a~e, the \Tortga~or, together with, and in addition to, th~ monthl~- pa~•ments und~r th~ termc of the• not~ s~~ure~i h~relir, on thr first da~• of ~ac)? montl~ I until th~ said notc• is full~• pui~l, w'ill pa~- to thc~ ~tortguk~~, as trust~~~, (und~r th~ tc~rins of this trust as hcrcin- ~ after ~tatecl) th~• fulloK-iug sun?s: ~ (a) A sum equal to the ground rents, if any, aext due, plus the premiums t6at will next become due and payable ~ on policies of fire and other hazard insurance covering the mort.~aged property~ plus taxes and assessments next due on the mortgaged property (ell as estimated by the Mort.gagee and of which the Mortgagor is ~ notified) less all sums already pa~d therefor divided by the number of months to elap~e before one month ~ ptior to the date when such ground rents, premiums, taxes, and essessments will become delinquent, 3 such sums to be held by Mortgageeintruattopaysaidgroundrents,premiums,ta~ces,andspecialsssessments. ~ (b) The aggregate of the amounts paynble pursuant to subparagraph (a) and those payable on the note secured [ hereby, shall be paid in a single payment each month, to be applied to the fallowing items in the order etateci : ~ (I) ground rents, taxes, assessmenta, fire, and other hazard insurance premiums; (II) interest on the note secured hereby; and i ~ (III) amortization of t6e principal of said note. ~ Any deficiency in the amount of such a~;~re~ate monthly payment shall, unless made good by the Mortr ' gagor pr~or to the due date ot the next such Pa~~ment, constitute an event of default under this mortgage. ~ ~ At Morigagee's option, Mort~agor will pay a"late ct~arge" not exceeding four per centum (4%) of any install- ~ ment when paid more Lhan ~fteen (15) days after the due date thereof to cover the extra expense involved in ~ handiing dclinquent payments, but such "late charge" sl~all nut be payable out o[ the proce~~ls of any ~ale ' ~ made Lo satisfy the indebtedness secured hereby, unless such prceeeds are sufficient to discharge the entire ~ indebtedness and all proper costs and expenses secured thereby. ~ 3. If the total of the pa~-n~ents ~ua~i~ h~• the '.1'Iort~n~or un~l~r (a) of pnra~?raph 2 pre~edin~ shall exceed ; the nmount of pa~-u~ents a~tuuU~• n~a~l~ b~- tlie ~lortkaKee, as trusl~~, for ~round r~mts, ta?ces and as.sessments, ~ and insurance pr~iuiuins, as thc~ case ma~• bc~, such excess sha11 b~ ~re~lited on sul,s~yuent pa~ments to be made ; b~ the :bfortga~;or for su~h items or, ut :~tortgu~e~'s option, a5 trastee, shall be refunded to ~tortgagor. If, however, such monthl~• pa}-ments shull not f~ suffi~•ienl to pa~• su~•h itc~ns when the same shall become due ~ and pa~~able, then ihc 3fort~agor sh.~il pa~• to th~ ~Zort~a~~~~, as trustc~, un~• amount necessarv to mske up ~ thP cie~icienc~-. Sucl? parment shall be n~a~le w•it}?in thirt}- (:i0) da~•s ufter writtPn notice from t}~e Mortgagee ~ stating t6e amount of the deficiency, wbich notice may be given~by mail. If at any time the Mortgagor ehall ~ ~ Boox238 P~~E1845 ~ ~.Kx ~ ~ ~ ~ ~ ~ ~ ~4 . ~~~w, _ w?~~, _ - ~~~~a_1... . ~